The outlook for Asian economies improved marginally after the U.S. and China toned down their respective trade tariffs, although growth is still expected to slow amid slower exports and manufacturing investment, UBS analysts said.
Euro zone business activity barely expanded in May as the dominant services industry contracted for the first time since November, weighed down by falling demand that has plagued the bloc for a year, a survey showed on Wednesday.
An error in car tax data provided by the British government caused the consumer price inflation rate to be overstated by 0.1 percentage points for the year to April, the Office for National Statistics (ONS) said on Thursday.
The Rubber Production Incentive (IPG) for smallholders has been activated in Sabah and Sarawak for May 2025, according to the Malaysian Rubber Board (MRB).
Growth in Japan's service-sector activity slowed in May on weaker demand, offering little to mitigate falling factory activity and resulting in a near-zero growth for business overall, a private sector survey showed on Wednesday.
Most Asian stocks rose on Wednesday amid growing hopes that U.S. and Chinese leaders will speak this week and revitalize stalled trade talks between the two countries.